Atmus Filtration Technologies Earnings Call Transcripts
Fiscal Year 2026
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Progress continues across all four growth pillars, with notable gains in first-fit share, aftermarket expansion, and supply chain transformation. The Koch acquisition strengthens industrial filtration capabilities, especially in data centers, while M&A remains a focus. Market conditions are steady, and supply chain and tariff strategies are actively managed.
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Aftermarket volumes remain flat globally, with growth in India and Latin America but weakness in agriculture. First-fit markets are set for a second-half 2026 recovery, supported by supply chain improvements and distributor expansion. Margin expansion and Cook Filter integration are progressing, with synergy targets on track.
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The meeting confirmed a quorum, elected four directors for a one-year term, and approved all proposals, including executive compensation and auditor ratification. The board continues its transition to annual director elections. Official results will be filed with the SEC.
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Q1 2026 saw 14.6% sales growth, driven by the Koch Filter acquisition and strong execution of a four-pillar strategy. Guidance for 2026 remains robust, with revenue expected to rise 10%-14% and adjusted EBITDA margin of 19.5%-20.5%.
Fiscal Year 2025
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Strong 2025 results were driven by disciplined execution, strategic acquisitions, and innovation, with sales and EBITDA both rising year-over-year. 2026 guidance anticipates double-digit revenue growth, stable margins, and continued investment in industrial filtration and share repurchases.
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Completed operational separation, shifting focus to growth and digital initiatives. Announced $450M Koch Filter acquisition to expand into industrial air filtration, with expected synergies and further M&A planned. Market outlook remains cautious amid regulatory and demand uncertainties.
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Q3 sales grew 10.9% year-over-year, driven by share gains and pricing, with adjusted EBITDA margin rising to 20.4%. Full-year revenue and EPS guidance were raised, while operational separation was completed and capital returns accelerated.
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Record Q2 sales and strong financials were driven by share gains and pricing, despite market and regulatory headwinds. Full-year guidance was raised, with continued focus on aftermarket growth, disciplined capital allocation, and completion of the Cummins separation.
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Aftermarket strength continues to drive stable earnings despite cyclical downturns in first fit and global markets. Pricing actions and supply chain flexibility help offset tariff impacts, while regulatory and trade uncertainties persist. Growth opportunities remain in underpenetrated regions and segments.
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Q1 2025 saw resilient performance with $417M in sales and improved margins despite market softness and currency headwinds. Guidance for 2025 remains flat to up 4% revenue, with strong aftermarket focus and active tariff mitigation.
Fiscal Year 2024
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Delivered strong 2024 results with sales up 2.5% and margin expansion, despite market softness. 2025 guidance calls for flat to 4% revenue growth, 19–20% EBITDA margin, and continued share repurchases, with FX and input costs as key headwinds.
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Four strategic pillars guide growth, with strong margin expansion driven by supply chain improvements and pricing. Industrial filtration and M&A are key future growth avenues, while capital allocation remains disciplined. Global regulatory changes and JV strategies support ongoing market share gains.
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Q3 2024 saw 2% sales growth and margin expansion despite global market softness, with raised full-year guidance and continued share gains. Transition from Cummins nears completion, supply chain transformation advances, and disciplined M&A remains a focus.
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A global filtration leader outlined its growth pillars, including first-fit and aftermarket expansion, supply chain transformation, and industrial market entry via M&A. Despite current market softness, recurring aftermarket revenue and technology leadership support stability and future growth.
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Q2 saw 5% sales growth and margin expansion, driven by volume, pricing, and cost efficiencies. Full-year guidance was raised for revenue, EBITDA margin, and EPS, despite ongoing market softness. Shareholder returns were initiated with a dividend and $150M buyback.